Brokerage Sharekhan to include ESG rating of stocks in research reports Business StandardBrokerage Sharekhan to include ESG rating of stocks in research reports Business Standard
Impact Investing Forum 2024
https://impactinvestingconferences.com/
Online Event. Nov 06-07, 2024.
Book Now!
To help its customers take well-informed investment decisions, brokerage has decided to include ESG (environment, social and governance) rating of stocks in its research report going forward.
The full-service brokerage has tied up with MorningStar India for getting these ratings, by BNP Paribas said in a statement on Monday.
This tie-up will help traders and investors on platform take a complete view of the companies, Jaideep Arora, CEO of the brokerage said, adding the ESG rating will help assist customers looking to invest in companies that are thinking of the future. ESG is an integral part of BNP Paribas’s approach and strategy globally and we believe it is important for our customer here too.
* * * * *
HomeFirst Finance reports Rs 45 cr profit in Jul-Sept *
HomeFirst Finance has reported a Rs 45 crore net profit for the quarter to September, up from Rs 14 crore in the year-ago period on robust loan disbursements, which rose 112 per cent rose to Rs 515 crore.
The NBFC said its assets under management rose 23.8 per cent to Rs 4,617 crore, led by small ticket housing loans that contributed 92 per cent of the AUM. The NBFC is present in 12 states and one UT with 72 branches.
Its total income rose to Rs 146 crore from Rs 109 crore, the company said.
Gross bad loan ratio rose on annualised basis to 1.7 per cent from 0.9 per cent annualised but improved by 20 bps sequentially while net NPA was flat at 1.2 per cent, the company said.
The company made provision of Rs 49.6 crore in the quarter resulting in total provision to loans outstanding ratio at 1.3 per cent, and the NPA provision coverage ratio is to 77.4 per cent. Total borrowings including debt securities stood at Rs 3,075 crore up from Rs 2,637 crore and it carries liquidity of Rs 1,400 crore.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
First Published: Mon, October 25 2021. 22:14 IST